Kashable raises $60M in Series C led by Goldman Sachs

NEW YORK - Kashable, a fintech platform offering employee financial wellness services, announced today it secured $60 million in Series C funding led by Sustainable Investing at Goldman Sachs Alternatives, with participation from existing investors Revolution Ventures and EJF Ventures, according to a press release statement.

Goldman Sachs Alternatives committed up to $50 million, including an initial $25 million investment and an additional $25 million to be funded in the coming months, subject to conditions. Revolution Ventures and EJF Ventures contributed an additional $10 million.The investment comes as Goldman Sachs (NYSE:GS) continues to demonstrate strong market performance, with shares delivering a 73.6% return over the past year and trading at $926.91, giving the firm a market capitalization of $284.18 billion. According to InvestingPro analysis, which offers comprehensive insights on over 1,400 US equities, Goldman Sachs remains a prominent player in the Capital Markets industry, though current valuation metrics suggest the stock is trading slightly above its Fair Value.

Kashable partners with employers to provide employees with credit monitoring, financial coaching, and credit products delivered as an employee benefit through integrations with HR and payroll systems. The company aligns loan repayment with payroll cycles.

"Employer-sponsored financial wellness, anchored by fair, transparent access to low-cost credit is rapidly becoming a core pillar of the next generation of consumer finance," said Rishi Kumar, co-founder and co-CEO of Kashable.

The platform is available to over 4 million employees across hundreds of large employers nationwide. Founded in 2013, the company positions its services as an alternative to retirement plan borrowing, high-interest credit cards, or other high-cost options.

Greg Shell, Partner and Head of Inclusive Growth at Goldman Sachs Alternatives, said the investment aligns with the firm’s mission to invest in companies delivering access and affordability for underserved populations.

Kashable plans to use the Series C funding to expand its employer footprint and deepen partnerships with clients’ HR, benefits, and finance teams.

Goldman Sachs (NYSE:GS) manages over $625 billion in alternative assets with more than 30 years of experience. The firm has $3.6 trillion in assets under supervision globally as of December 31, 2025. The investment bank reported revenue of $61.53 billion in the last twelve months, reflecting 16% year-over-year growth.For investors seeking deeper analysis of Goldman Sachs’ financial health and growth prospects, InvestingPro offers a comprehensive Pro Research Report that transforms complex Wall Street data into clear, actionable intelligence, along with 11 additional ProTips beyond those mentioned here.

In other recent news, Goldman Sachs Group Inc. announced the issuance of $6.5 billion in new debt securities. This move includes $500 million in Floating Rate Notes due in 2030, as disclosed in a filing with the Securities and Exchange Commission. Additionally, the company is facing notable departures from its Asia operations, with two senior bankers, Dawei Huang and Samuel Thong, planning to leave the firm. In Europe, Goldman Sachs analysts have identified significant supply pressures in the region’s economies, as indicated by the recent flash PMI data. Meanwhile, Goldman Sachs strategists are advising traders to short the euro against the forint due to Hungary’s potential euro adoption. In a separate development, World Insurance Associates has appointed John Newell as the new CEO, succeeding founder Rich Eknoian. Eknoian, who grew the company to over $700 million in revenue, will transition to the role of executive chairman. These developments highlight ongoing changes and strategic decisions within these organizations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.